SRN 0.00% 0.6¢ surefire resources nl

Ann: Pause in trading, page-65

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,416 Posts.
    lightbulb Created with Sketch. 982
    They are large orders normally there to encourage other buyers to jump the que and buy up positions on the sell. 4mil got pulled off .016 at the bell.

    So this is what happened.

    Pre release the buy was filling up a couple pips. And the sellers started leaving.

    Then the retractments drops. During the moments prior to resumption of trade sellers come in (likely thinking its some shafty bad news and the SP is going to take a dump) and buyers pull off.

    Now during the time the buyers pulled off some very large orders started to fill the .011 - .013 region. At one stage there was 20m at .011. And then the buys filled up .011 right through to .15 each with about 10m units or more at each level. Then the large order gets pulled off .011 and fills .016. Because there are few sellers. So likely whoever snapped up those shares on resumption of trade was helping it prop price. Wether its bots or whoever else thats what props are for. To push price or keep price from either going lower or going higher.

 
watchlist Created with Sketch. Add SRN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.